MARKETS / NYSE / MAC
NYSE · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP

Macerich Co. MAC

18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$1.0B
▲ 10.4% vs FY2024
EPS · FY25
$-0.78
Dividend / sh · FY25
$0.68
Payout · FY25
-95%
ROE · FY25
-7.6%
Net margin · FY25
-19.4%
Dividend coverage
-1.1×
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Result
USD 1.0B
Revenue, FY2025 · full 18-year series below
Revenue Net income
0.40.81.21.61.0-0.22008201120142017202020232025
0.40.81.21.61.0-0.22016201920222025

The company lost 19 cents on every revenue dollar this year.

Per share
USD -0.78
Diluted EPS, FY2025
EPS Dividend
48120.68-0.782008201120142017202020232025
48120.68-0.782016201920222025

The dividend was paid in a year without profit.

Profitability
-7.6%
Return on equity, FY2025
ROE
10203040-7.6%2008201120142017202020232025
10203040-7.6%2016201920222025
Operating margin
Net margin-19.4%
Return on assets-2.3%

Each USD of equity lost 8 cents this year.

Returned to shareholders
USD 188.2M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 188.2M
Net buybacks
Share of profit-95.5%
Consecutive raises

USD 188.2M in dividends went back to shareholders in a year without profit.

Growth
+5.2% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+5.7%
+5.2%
−2.4%
+2.4%
Dividend / share
+3.1%
−15.2%
−20.4%
−7.2%
Returned to shareholders
+0.3%
+0.9%
−16.8%
−1.2%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.26B
Shares outstanding, FY2025
0.100.262008201120142017202020232025
0.140.262016201920222025
Change, 5 years+71.6%
Change, 10 years+66.4%

The share count grew 72% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 8.4B
total assets, end of FY2025
Total assetsUSD 8.4B
EquityUSD 2.4B
CashUSD 280.2M
Gross debtUSD 5.1B
Net debtUSD 4.8B

Net debt stands at 196% of equity.

History
18 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
1.0
0.9
0.9
0.9
0.8
0.8
0.9
1.0
1.0
1.0
1.3
1.1
1.0
0.8
0.7
0.7
0.8
0.9
Operating income $B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
EBITDA $B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Income tax $B
−0.0
−0.0
−0.0
0.0
0.0
−0.0
0.0
−0.0
0.0
0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
0.0
Net income $B
−0.2
−0.2
−0.3
−0.1
0.0
−0.2
0.1
0.1
0.2
0.6
0.5
1.6
0.4
0.4
0.2
0.0
0.1
0.2
EPS, diluted $
−0.78
−0.88
−1.28
−0.31
0.07
−1.58
0.68
0.42
1.02
3.52
3.08
10.45
3.00
2.51
1.18
0.19
1.45
2.17
Dividend / sh $
0.68
0.68
0.68
0.62
0.60
1.55
3.00
2.97
2.87
2.75
6.63
2.51
2.36
2.23
2.05
2.10
2.60
−3.20
Payout %
−95
−83
−58
−282
1006
−78
490
658
275
140
151
24
79
89
176
795
69
165
ROE %
−7.6
−7.5
−10.3
−2.2
0.5
−9.4
3.5
2.1
4.2
12.6
10.1
35.7
14.0
12.4
5.9
1.2
7.5
·
Shares out B
0.26
0.25
0.22
0.22
0.21
0.15
0.14
0.14
0.14
0.14
0.15
0.16
0.14
0.14
0.13
0.13
0.10
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
34 of 35
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 1 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed